Carney Technology Acquisition Corp. II announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “CTAQU” tomorrow, Thursday, December 10.
The new company aims to combine with a technology business that is currently on a path valuing high growth over profitability. Carney Technology II is led by Chief Acquisition Officer Lloyd Carney alongside CEO, CFO and Chairman David Robertson and President and Director Gale England.
Total SPAC deal count for 2020 year-to-date is now 219 with $74.6 billion in gross proceeds raised. This offering is expected to close on Monday, December 14.
Morgan Stanley & Co. LLC, Cantor Fitzgerald & Co. and Mizuho Securities USA LLC are acting as joint book-running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.